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19 February 2025 | 4 replies
Otherwise, that area typically moves decently.
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5 February 2025 | 16 replies
Typically a few types of PMs out thereThe individual agent, little to no staffThe PM company that's a set it and forget it, glorified rent collectorThe PM company that's a true partnerI would on top of the suggestions abovesearch for a PM that owns their own portfolio tooThey treat your asset like they treat their own portfolio- There should be a full staff and readily available to answer the phone1.
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12 February 2025 | 6 replies
Year long lease typically, with subletting allowed to offset summer months cost to tenant.I worked out some high-level math: Assuming there is a 6 bedroom single family house for sale for 800k, and I can rent for 6k/month.Financing: 350k cash, 450k loan @30yr, 3.8%.Assumptions: 7% vacancy/yr, $4000/yr repairs, $10k/yr property tax, $4k/yr insurance, 8% management fee+50% first month rent on new leaseMonth-to-month breakdown: Income: $6000 Vacancy, Mgmt fee, repair, taxes, insurance: $2300Loan PI: $2650I'd take home ~$1000/month.
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8 February 2025 | 6 replies
However, if distributions are still ongoing or the final resolution is unclear, you may need to wait until 2025 or later when the loss is definitively established.Under IRC Section 165, worthless securities can be written off as a capital loss, but partial losses typically aren’t deductible until the investment is fully settled.
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8 February 2025 | 12 replies
I had a W2 while working as an agent before transitioning to full time - most folks are in this position.2) You will likely pay your broker a typical commission split even if you are representing yourself.
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31 January 2025 | 1 reply
Planning to sell my property in vegas, just wanted a second opinion on if these are typical, fair costs in today's market.
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4 February 2025 | 13 replies
You can typically change the way the entity works - may or may not make a tax difference, but you're only 6 months in so I imagine you're showing a paper loss anyways?
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5 February 2025 | 2 replies
If we price it for what the comps show, then they are typically coming out of pocket every month.
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4 February 2025 | 5 replies
Here is a list of why adding a single ADU in single family zoned areas in my CA market is typically a poor RE investment:1) The value added by the ADU addition is often significantly less than the cost of adding the ADU.
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7 February 2025 | 7 replies
Typically, I run a current income/expense column next to a ProForma column to show potential value add opporunties.I agree with @Robert.